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Lebanese central bank strike ‘shut down local banks’

Employees at the Central Bank of Lebanon returned to work today (May 7) after a two-day strike shut down large parts of the country’s banking industry.

Staff went on strike on May 4 over rumours Lebanon’s government was considering cutting their salaries. The employees voted today to return to work, but said they would vote again on May 10 to decide whether to resume striking.

Lebanese central bank employees are paid independently of government employees. Observers of Lebanon have said this